London metals trader Andrew Maguire, interviewed today by King World News, says he alerted the U.S. Commodity Futures Trading Commission and Justice Department seven years ago to the gold and silver market rigging done by a JPMorganChase trader who recently confessed in a plea bargain with the Justice Department.

Maguire says the Justice Department's intervention here, which has delayed civil lawsuits against the investment bank, aims to buy time so higher-ups can be protected.